In 2022/23 the value of tax receipts for the United Kingdom amounted to approximately 827.74 billion British pounds. This represented a net increase of over 512.1 billion pounds when compared with 2000/01. Since that year, the total value of tax receipts showed year-on-year increases in most years, except for 2008/09, 2009/10, and 2020/21 when the value declined. Tax receipts form the bulk of UK government income, based on various direct and indirect taxes. Tax revenue sources Of the revenue generation by taxation in 2023/24, over 273.27 billion of this came from Income Tax receipts, which was the main source of direct tax income for the government. After income tax, the next most substantial direct tax were contributions from National Insurance, which amounted to just over 177.74 billion pounds of tax revenue in 2023/24. The UK's main goods and services tax; Value-added Tax (VAT) amounted to 169 billion pounds, while Corporation Tax receipts added up to around 88 billion pounds. Although other smaller direct and indirect taxes produce notable income, these four sources were by far the main sources in the 2023/24 financial year. UK government finances While taxes and other sources of income raised more than one trillion pounds in 2023/24, the UK government expenditure was around 1.1 trillion pounds. This gap between revenue and expenditure was financed via government borrowing, which amounted to 107 billion pounds in 2023/24. As the UK government has been spending more than it earns for several years, this has resulted in significant government debt building up, expected to be the equivalent of 103.1 percent of GDP in 2023/24.

In 2023/24, income tax receipts in the United Kingdom amounted to 273.3 billion British pounds, compared with 248.4 billion in the previous year. Although the value of income tax receipts has grown quite consistently throughout this period, there is a sharp increase observable from 2021/22 onwards. The period of high inflation from 2021 onwards led to faster wage growth, which pushed many UK workers into higher tax bands, resulting in the increased income tax revenue. Income tax brackets The amount which workers in the United Kingdom pay in income tax is determined by how much they earn, placing them in different income tax bands. All workers in the United Kingdom are entitled to earn a personal allowance of 12,750 pounds before they are charged income tax. The Basic rate of 20 percent applies to income between 12,750 and 37,700, with a higher rate of 40 percent charged on incomes between 37,701 and 125,140 pounds. The highest tax band stands at 45 percent, for earnings over 125,140 pounds. Main UK taxes Income tax is the largest source of UK government revenue, accounting for 9.8 percent of gross domestic product in 2022/23. Value Added Tax was the next largest source of UK government revenue, followed by National Insurance, and Corporation Tax. Value Added Tax or VAT is the largest indirect tax in the UK, and is raised via a 20 percent levy on most goods and services sold in the UK. National Insurance Contributions form an additional direct tax on earnings in the UK, while Corporation Tax taxes the profits of companies resident in the UK.

Key information about United Kingdom Tax Revenue

• UK Tax Revenue was reported at 256.268 USD bn in Dec 2024.
• This is a decrease from the previous figure of 266.877 USD bn for Sep 2024.
• UK Tax Revenue data is updated quarterly, averaging 68.866 USD bn from Mar 1957 to Dec 2024, with 272 observations.
• The data reached an all-time high of 293.309 USD bn in Mar 2024 and a record low of 3.111 USD bn in Jun 1957.
• UK Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Quarterly.

CEIC calculates quarterly Tax Revenue as the sum of Taxes on Income and Wealth, Taxes on Production, Other Current Taxes and Taxes on Capital and converts it into USD. Office for National Statistics provides Tax Revenue in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Tax Revenue in the United Kingdom decreased to 67170 GBP Million in February from 95976 GBP Million in January of 2025. This dataset includes a chart with historical data for the United Kingdom Tax Revenue.

In 2024/25, the government of the United Kingdom is expected to receive 1,139 billion British pounds of public sector current receipts, with 303 billion British pounds coming from income tax, as well as 203 billion pounds from VAT.

This dataset presents information on historical central government revenues for 31 countries in Europe and the Americas for the period from 1800 (or independence) to 2012. The countries included are: Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Canada, Chile, Colombia, Denmark, Ecuador, Finland, France, Germany (West Germany between 1949 and 1990), Ireland, Italy, Japan, Mexico, New Zealand, Norway, Paraguay, Peru, Portugal, Spain, Sweden, Switzerland, the Netherlands, the United Kingdom, the United States, Uruguay, and Venezuela. In other words, the dataset includes all South American, North American, and Western European countries with a population of more than one million, plus Australia, New Zealand, Japan, and Mexico. The dataset contains information on the public finances of central governments. To make such information comparable cross-nationally we have chosen to normalize nominal revenue figures in two ways: (i) as a share of the total budget, and (ii) as a share of total gross domestic product. The total tax revenue of the central state is disaggregated guided by the Government Finance Statistics Manual 2001 of the International Monetary Fund (IMF) which provides a classification of types of revenue, and describes in detail the contents of each classification category. Given the paucity of detailed historical data and the needs of our project, we combined some subcategories. First, we are interested in total tax revenue (centaxtot), as well as the shares of total revenue coming from direct (centaxdirectsh) and indirect (centaxindirectsh) taxes. Further, we measure two sub-categories of direct taxation, namely taxes on property (centaxpropertysh) and income (centaxincomesh). For indirect taxes, we separate excises (centaxexcisesh), consumption (centaxconssh), and customs(centaxcustomssh).

For a more detailed description of the dataset and the coding process, see the codebook available in the .zip-file.

Purpose:

This dataset presents information on historical central government revenues for 31 countries in Europe and the Americas for the period from 1800 (or independence) to 2012. The countries included are: Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Canada, Chile, Colombia, Denmark, Ecuador, Finland, France, Germany (West Germany between 1949 and 1990), Ireland, Italy, Japan, Mexico, New Zealand, Norway, Paraguay, Peru, Portugal, Spain, Sweden, Switzerland, the Netherlands, the United Kingdom, the United States, Uruguay, and Venezuela. In other words, the dataset includes all South American, North American, and Western European countries with a population of more than one million, plus Australia, New Zealand, Japan, and Mexico. The dataset contains information on the public finances of central governments. To make such information comparable cross-nationally we have chosen to normalize nominal revenue figures in two ways: (i) as a share of the total budget, and (ii) as a share of total gross domestic product. The total tax revenue of the central state is disaggregated guided by the Government Finance Statistics Manual 2001 of the International Monetary Fund (IMF) which provides a classification of types of revenue, and describes in detail the contents of each classification category. Given the paucity of detailed historical data and the needs of our project, we combined some subcategories. First, we are interested in total tax revenue (centaxtot), as well as the shares of total revenue coming from direct (centaxdirectsh) and indirect (centaxindirectsh) taxes. Further, we measure two sub-categories of direct taxation, namely taxes on property (centaxpropertysh) and income (centaxincomesh). For indirect taxes, we separate excises (centaxexcisesh), consumption (centaxconssh), and customs(centaxcustomssh).

Abstract copyright UK Data Service and data collection copyright owner.

The European State Finance Database (ESFD) is an international collaborative research project for the collection of data in European fiscal history. There are no strict geographical or chronological boundaries to the collection, although data for this collection comprise the period between c.1200 to c.1815. The purpose of the ESFD was to establish a significant database of European financial and fiscal records. The data are drawn from the main extant sources of a number of European countries, as the evidence and the state of scholarship permit. The aim was to collect the data made available by scholars, whether drawing upon their published or unpublished archival research, or from other published material.
The ESFD project at the University of Leicester serves also to assist scholars working with the data by providing statistical manipulations of data and high quality graphical outputs for publication. The broad aim of the project was to act as a facilitator for a general methodological and statistical advance in the area of European fiscal history, with data capture and the interpretation of data in key publications as the measurable indicators of that advance. The data were originally deposited at the UK Data Archive in SAS transport format and as ASCII files; however, data files in this new edition have been saved as tab delimited files. Furthermore, this new edition features documentation in the form of a single file containing essential data file metadata, source details and notes of interest for particular files.

Main Topics:

The files in this dataset relate to the datafiles held in the Leicester database in the directory /orm/*.*. Taken from miscellaneous published and unpublished data, they relate to English revenues, especially those from indirect taxation.
File Information
g131ed01.* Revenue from the customs and subsidies on wool exports from England, 1400-85
g131ed02.* Revenue from the customs duties on cloth exports from England, 1400-85
g131ed03.* Revenue from tunnage and poundage, 1399-1482
g131ed04.* Revenue from the petty custom, 1400-82
g131ed05.* Revenue from the butlerage (new custom on wine), 1322-1485
g131ed06.* Revenue from the customs and subsidies on overseas trade, 1275-1399
g131ed07.* Revenues from the customs on overseas trade, 1304-1485
g131ed08.* Lay taxes on movable property, 1207-1485
g131ed09.* Direct taxes in wool (1339, 1341, 1342) and on agricultural produce (1340)
g131ed10.* Lay poll taxes, 1377-81
g131ed11.* Lay income taxes, 1404-74
g131ed12.* Taxes on Knights' Fees and Households, 1428
g131ed13.* Poll taxes on aliens, 1440-85
g131ed14.* Benevolences, 1475 and 1482
g131ed15.* Direct taxes on clerical incomes, 1272-1485
g131ed16.* Clerical taxes ordered by the Pope and paid to the English crown, 1227-1334
g131ed17.* Clerical poll taxes, 1377-1450
g131ed18.* Feudal aids, 1205-1401
g131ed19.* Scutages, 1200-1306
g131ed20.* Selected tallages levied on the royal demesne and towns, 1168-1312
g131ed21.* Tallages levied on the Jews in England, 1221-87
g131ed22.* Clerical dona, 1203-1333
g131ed23.* English exchequer receipt roll totals, 1377-1485
g131ed24.* English exchequer `genuine' loans, 1377-1485
g131ed25.* English exchequer receipt roll totals, 1327-77
g131ed26.* English exchequer new loans, 1350-77
g131ed27.* Ordinary revenue of the English crown, 1322-40 (notional gross totals)
g131ed28.* Extraordinary revenue of the English crown, 1327-43
g131ed29.* Total French treasury receipts and notional total English revenue, 1322-45 (in kilos of fine silver)
g131ed30.* Notional receipts and total notional revenue of the English crown, 1370-1410
g131ed31.* Notional receipts and total notional revenue of the English crown, 1462-85
g131ed32.* Danegeld and the total money supply in England, expressed in pounds sterling of account and in kilos of fine silver, 991-1018
g131ed33.* Revenues of the English crown in 1129-30 (in pounds sterling of account)
g131ed34.* Debts from earlier years accounted for in the English exchequer in 1129-30 (in pounds sterling of account)
g131ed35.* Annual average value of fines imposed for the purchase of wardships and marriages of heirs of tenants-in-chief, 1154-1327
g131ed36.* Net receipts from royal management of episcopal temporalities, 1166-1307
g131ed37.* Net receipts from crown estates under Henry III
g131ed38.* Net receipts from ordinary revenue accounted for at the Exchequer, 1241-1245
g131ed39.* Seignorage and mintage on silver and gold at the English mints, 1279-1377
g131ed40.* The value of general merchandise imported and exported by denizen merchants and subject to poundage, 1350-1399
g131ed41.* The value of merchandise imported and...

Main tables from the Effects of taxes and benefits on household income publication from 1977, including average incomes, taxes and benefits and household characteristics of all, retired and non-retired households in the UK by quintile and decile groups.

In September 2024, public sector current receipts in the United Kingdom amounted to approximately 89.3 billion British pounds, compared with over 85.5 billion British pounds in the same month of the previous year.

Provides detailed information on individuals liable to UK income tax and their incomes, including gender, age, income source and tax distribution. Previously listed under 'Revenue-based Taxes and Benefits: Personal incomes'.

Source agency: HM Revenue and Customs

Designation: National Statistics

Language: English

Alternative title: Personal Income Analyses: Except Sub Regional

Key information about UK Tax revenue: % of GDP

• United Kingdom Tax revenue: % of GDP was reported at 27.3 % in Dec 2024.
• This records a decrease from the previous number of 28.4 % for Sep 2024.
• UK Tax revenue: % of GDP data is updated quarterly, averaging 25.7 % from Mar 1955 to Dec 2024, with 280 observations.
• The data reached an all-time high of 44.2 % in Mar 1955 and a record low of 19.9 % in Jun 1960.
• UK Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from quarterly Tax Revenue and quarterly Nominal GDP. Tax Revenue is calculated as the sum of Taxes on Income and Wealth, Taxes on Production, Other Current Taxes and Taxes on Capital. Office for National Statistics provides Tax Revenue in local currency and Nominal GDP in local currency.

A breakdown of UK public sector income by latest month, financial year-to-date and full financial year, with comparisons with the same period in the previous financial year.

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The United Kingdom's government revenue was just over 1.1 trillion British pounds in 2023/24, and is expected to rise slightly to 1.12 trillion pounds in the next year.